A new study shows striking differences in the depreciation of ten popular electric and hybrid cars from their purchase price three years ago to their current value. InsuretheGap.com found that the pure electric Renault Zoe lost the most value, depreciating by 61% in three years from its purchase price of £19,988 to only £7,830 value in 2019. According to a 2019 Opinium survey, … [Read more...]
Ups and downs of Geneva’s star cars
London-based JBR Capital, specialists in high-end vehicle finance, has named the top 10 cars that have appreciated in value or held their worth after launching at the Geneva Motor Show over the last decade. The Lamborghini Veneno (above), unveiled at the show in 2013, tops the charts as this ultra-limited edition has appreciated in value by 180 per cent – according to the experts at … [Read more...]
Write-off changes surprise for some
As we enter the peak period for second hand car sales a survey of 100 consumers by vehicle history checker mycarcheck.com found that 89% were unaware of the recent write-off category changes. In October 2017, the old A, B, C and D categories were replaced with new codes, which focus on safety rather than the cost of repair: A (scrap), B (break), S (structurally damaged repairable) and N … [Read more...]
EVs might shock you with depreciation
Electric car sales may have reached an all-time high, with almost 120,000 alternatively fuelled vehicles sold in the UK in 2017, but buyers of electric cars face great variations in the rate at which different models depreciate. Research by InsuretheGap.com shows striking differences in the depreciation of ten of the most popular electric cars from their purchase price in 2015 to their current … [Read more...]
Hydrogen hopes to rewrite valuation projections
Hydrogen cars could rewrite the standard vehicle depreciation curve, members of the Vehicle Remarketing Association heard at their monthly meeting last week. Held at the Swindon offices of fleet management specialist Arval, the meeting took a look at developments in hydrogen technology, availability of cars and likely sales. The town is the centre of the UK’s largest hydrogen trial for … [Read more...]
The true cost of buying your next car is explained
A new car loses approximately 20 per cent of its value when it’s driven off the showroom forecourt, and cars lose between 15 - 20 per cent of their value each year, so it pays to have an understanding of deprecation when you’re buying a car. However, the numerous makes, models and colours will all hold and lose their value differently, so a bit of research in advance can make the difference … [Read more...]
Newslines 16 May
The anticipated glut of diesel cars to hit the used car market, combined with falling buyer demand makes a significant price drop likely within the next 12 months. Motorway.co.uk believes a fall in the average price of used diesel cars of 10 to 15% versus their current deprecation rate, over the next 12 months, is entirely likely, so with around 17 million diesel cars on roads and the average … [Read more...]